{"id":993,"date":"2020-10-13T00:00:00","date_gmt":"2020-10-13T04:00:00","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/5-signs-its-time-to-dump-your-spreadsheets\/"},"modified":"2026-04-08T09:03:16","modified_gmt":"2026-04-08T13:03:16","slug":"signs-its-time-to-dump-your-spreadsheets","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/signs-its-time-to-dump-your-spreadsheets\/","title":{"rendered":"Fixed asset management: 6 signs it\u2019s time to dump your spreadsheets"},"content":{"rendered":"
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\n\t\t\t\t\t\t\tTechnology & Innovation<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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\n\t\t\t\t\t\tFixed asset management: 6 signs it\u2019s time to dump your spreadsheets\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

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\n\t\t\t\n\t\t\t\t\"\"\t\t\t\tStacey McIntosh<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n

Are you using spreadsheets for your fixed asset management? At some point during your work day, you\u2019ve probably experienced a few hiccups using spreadsheets to control your asset management process<\/a>.<\/p>\n\n\n\n

Here are six common signals it\u2019s time to switch from using spreadsheets to manage your inventory control<\/a>:<\/p>\n\n\n\n

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  1. Missing Assets<\/h2>
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    An incomplete reporting of all assets can lead to tax penalties and insurance issues.<\/p>\n\n\n\n

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    1. Lack of privacy and data<\/strong><\/h2>
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      Using spreadsheets to manage your fixed assets is a huge security risk. What if someone hacked into your system would your data be protected? Using a software is the safer route for protecting your assets.<\/p>\n\n\n\n

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      1. Trouble with scalability<\/h2>
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        Tracking a growing capital asset inventory on spreadsheets can lead to data errors and communication breakdowns that negatively impact your business.  Your need real-time tracking data in order to make better decisions.<\/p>\n\n\n\n

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        Sage Fixed Assets – 2021 Year-End Planning<\/h2>\n\n\t\t\t\t\t\t\t\t\t
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        It’s time to start thinking about year-end close.<\/p>\n

        Join us on Thursday, October 28 at 2 PM ET to make sure you are prepared for year-end activities related to your company’s capital assets.<\/p>\n

         <\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tRegister today<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"\"\t\t\t<\/div>\n<\/div>\n\n\n\n

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        1. You consistently discover errors in your data<\/strong><\/h2>
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          Have you discovered errors in your formulas when calculating depreciation? Entering formulas into spreadsheets often comes with a margin of error since the data is being manually entered into the document. Not catching those errors can cost your company money.<\/p>\n\n\n\n

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          1. You feel like you have multiple job titles\u00a0<\/strong><\/h2>
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            Does the manual entry process have you stressed out and feeling like you\u2019re doing multiple people’s jobs? Being able to digitally enter inventory with a barcode scanner would save you a long headache and a lot of time.<\/p>\n\n\n\n

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            1. Rushing to prepare for tax time<\/strong><\/h2>
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              Have you ever heard of the expression \u2018save time, save money\u2019? A dedicated system can help you save time by automating your process instead of manually entering data into a spreadsheet. There will be no need to rush at the end of the year to prepare for your audit because the data will be up to speed and compliant.<\/p>\n\n\n\n

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              Read more on fixed asset management:<\/h3>\n\n\n\n